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Cathie Wood Keeps Selling Tesla, Unloading $62 Million of Shares

Bloomberg2021-09-16

Cathie Wood’s exchange-traded funds sold more Tesla Inc. shares, taking the total value of the electric vehicle maker’s stock they’ve offloaded this month to about $266 million.

The ARK Innovation and ARK Next Generation Internet ETFs sold over 81,600 shares in Tesla on Wednesday, according to ARK Investment’s daily trading update. At closing prices, that puts the value at about $62 million.

Ark funds have sold more than 350,000 Tesla shares in September so far. Still, the Elon Musk-led company is their biggest holding, according to data compiled by Bloomberg. Tesla shares have been rebounding since mid-May, gaining about 34% in the period.

Ark’s strategy regularly involves selling some of its winners to invest in other targets. As the firm trimmed its Tesla stake last year, Wood told CNBC it was “wise portfolio management” to control position sizes.

Ark’s daily trading update reflects portfolio changes made by its investment team and excludes creation and redemption activity and public offerings; for this reason it may not fully reflect all of the firm’s trades.

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评论47

  • AlvinCWC
    ·2021-09-19
    Is there a so called “active ETF”?Should it be either an active managed funds or just a thematic ETF (passive)?
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  • KH321
    ·2021-09-18
    OK
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  • koolgal
    ·2021-09-17
    Cathie is just taking profits! 👍😊🎊🎉🎊
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    • koolgal
      👍😊
      2021-09-18
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    • CCCH
      yes
      2021-09-17
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    • koolgal
      👍😊
      2021-09-17
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    查看更多 2 条评论
  • 6c283a99
    ·2021-09-17
    Ok
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    收起
    • ocean_wave
      ARK fund rotation..
      2021-09-17
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    • 7d918508
      Ok
      2021-09-17
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  • Jac_jk
    ·2021-09-17
    I beg Cathy Wood is selling now to buy back at a lower price. What do you think ? 
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    • SebbyBoy
      Certainly!!!
      2021-09-17
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  • 我i168
    ·2021-09-17
    Simply “actively managed”...[Cool] ...or it is an inflection point? I think it’s the former. [Smile] 
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  • caius
    ·2021-09-16
    Hmmmm
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  • HeroSmurf
    ·2021-09-16
    Wat r they up to?
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  • Calvinchin
    ·2021-09-16
    👌🏼 yes 
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  • TerranceMike
    ·2021-09-16
    Pls like 
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  • tanks09
    ·2021-09-16
    How much more does she hold ? 
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  • BoonHuat
    ·2021-09-16
    Smart trading, fooled ppl into buying, then they sell.
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  • Jialatsia
    ·2021-09-16
    Meep
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  • RonnieSG
    ·2021-09-16
    $62 Million is a small amount as compared to her ttoal holding in TSLA. She has to unload as the $ value of TSLA stocks go up to a certaain value as constrained by the rule of her ETF that no no stock should hold more than a certain amount in value in total. This is positive news instead; you will see that she is also setting up some new ETFs to hold more of TSLA stocks to continue to take advantage of TSLA’s growth in value
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    • fionat
      Good explanation. Irrational traders however will rush to sell after just reading headlines
      2021-09-16
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    • Wenikho
      Ok
      2021-09-16
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    • KLHuat
      Cheers
      2021-09-16
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  • Huathuat23
    ·2021-09-16
    That’s because she’s a mad woman 
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  • james_l
    ·2021-09-16
    Its an active etf so rebalancing is expected.
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    • Syin23
      Yeah
      2021-09-16
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  • 4368e193
    ·2021-09-16
    Tell me your opinion about this news...
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    • 71fb4790
      Rebalance
      2021-09-16
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  • SerenityMie
    ·2021-09-16
    Like n share pls
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  • kimC
    ·2021-09-16
    Re balance portfolio. 
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